Thrivent LTCI: July 2020 Updates

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July 2020 Updates
Please be aware of the following administrative or new business updates.

Cost of Care tool temporarily removed from illustration software
Thrivent’s Cost of Care calculator is currently being updated.

The link to this tool in the Illustration software and the eApp Illustrations has been temporarily disabled. If you currently click on this link, you will receive an error page. Thrivent hopes to have this functionality restored before the end of the month.

Policy Issue Age – Clarification
To ensure that the issue age of an approved LTC policy for a client with a recent birthday is that of the younger age, an application must be dated and submitted to Thrivent within 30 days of the birthday.

  • For example, if a client had a birthday of 06/30 and application must be dated and received at Thrivent before 07/29 to ensure that an approved policy is issued with the younger age.

Pre-Appointment States
Effective immediately, Wisconsin has been added as a pre-appointment state. The states that now require pre-appointment with Thrivent are GA, PA and WI. Updated appointment forms are in process and will be made available as soon as possible. In the meantime, the current appointment forms can continue to be used.

Fraternal License Guide – Updated
Fraternal Licenses are required in the states of CT, DE, MA, and NM. The additional Fraternal License, or Line of Authority, must be obtained prior to solicitation in these states.

View the updated Fraternal License Guide with current instructions on how to submit an application in each state.

Override Commission Rules – Updated
State licenses are only required in certain states if an entity: is only collecting an override commission, there is an agent below the entity conducting the sale, and the agent is being paid commissions directly.

View the updated state license requirements for collecting override commissions with Thrivent.